My long overdue journey to becoming debt free!!

enthusiasticsaver

You seem to be doing well with the side hustles and bank switching offers etc. I love Starling bank which is our main bank now. Hopefully this year the debt will reduce significantly. Are you aiming to get it down to a particular number? 

MissPennySave

@enthusiasticsaver Thank you.  My goal is to clear a minimum of £12k this year and get me down to roughly £33k outstanding.  

MissPennySave

Afternoon!!  A bit late updating today! Not much to report, no more scheduled payments to go out this month so I'm just patiently waiting for payday next week.  I still have money left in the bank and I still can't get my head around this fact haha!  I am so used to being in my overdraft or seeing those CC balances increasing! Anyway, I thought I'd do a quick balance update, here goes:

Balances as at 14 Nov 22 vs 20 Jan 23
CC1 £1669.23/£1020.00
CC2 £7980.00/£7820.00
CC3 £4825.00/£4725.00
CC4 £16888.98/£15745.00
Loan £15263.75/£14687.74

Grand total = £46,626.96/£43,997.74

MPS  x

CL21

Great to see the numbers going down! And having money left in the account is such a great feeling isn’t it?! 

MissPennySave

It sure is!!  Hopefully in a few months I will officially be out of the £40k bracket and into the £30k one!!

shell16

Aw this is fantastic news, well done you!  Keep at it, determination and grit will get you to where you want to be!

Shell x

MissPennySave

@shell16 thank you!

LittleMissDetermined

MissPennySave said:

It sure is!!  Hopefully in a few months I will officially be out of the £40k bracket and into the £30k one!!

Make sure you celebrate the milestones, it will spur you on! X

MissPennySave

Morning everyone, and happy Monday!  I had such a lovely, but very busy, weekend!  I'm in the office today and tomorrow and I left my purse at home with my cash in which is annoying, luckily I have my bank cards on my phone if I need to anything! Payday on Wednesday and I cannot wait to send the next batch of payments to my CC's!! Not much planned for the week so it should be a relatively spend free week as well!  MPS  x

LittleMissDetermined

MissPennySave said:

Morning everyone, and happy Monday!  I had such a lovely, but very busy, weekend!  I'm in the office today and tomorrow and I left my purse at home with my cash in which is annoying, luckily I have my bank cards on my phone if I need to anything! Payday on Wednesday and I cannot wait to send the next batch of payments to my CC's!! Not much planned for the week so it should be a relatively spend free week as well!  MPS  x

I'm also looking forward to pay day so I can make a big payment to the card. I think this time though I am going to pay half my allocated amount and then place the other half in a Monzo pot until the statement is generated so I know I have enough to cover the minimum payment. 

I am also in the office today which makes a lovely change:)
LMD x